Romania's Gross Domestic Product (GDP) has gone up in 2021 by 17 billion Euro, as opposed to 2019 and reached almost 1.190 billion RON, a historic record, according to the Minister of Entrepreneurship and Tourism, Constantin-Daniel Cadariu."Romania reaches a GDP of almost 1.190 billion RON at the end of 2021, approximately 240 billion Euro. This is a historic record. Despite the biggest crisis of the last decades, Romania's GDP has gone up in 2021 by 17 billion Euro as opposed to 2019 (a boom year of the global economy when we had a GDP of 223 billion Euro). The GDP in 2021 is 21 billion Euro larger than last year (218.9 billion Euro), during the peak of the pandemic caused economic crisis. Furthermore, Romania ends 2021 with an economic growth of approximately 7%. At the beginning of the year, the Citu Government cautiously estimated a growth of 4.3%. Economic growth will be 2.7 percentage points higher than the one estimated when the 2021 budget was being made," Cadariu wrote on Facebook, on Monday.In the fiscal-budgetary strategy for 2021-2023, based on which the budget was built last year, an economic growth of 4.3% was foreseen, as well as a GDP of 1,116.837 billion RON.The National Commission for Strategy and Prognosis (CNSP) estimated, on its medium term forecast for 2021-2025, the autumn variant, a GDP value of 1,190.3 billion RON in 2021, with a 7% increase from the previous year.
OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]
The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA. Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
